Forex rebates on every trade - win or lose!

It's certainly less stressful, Spacie.

And with 2 hormonal teenagers, a menopausal housekeeper and a gardener who can't speak English, I need stress right now like I need a hole in the head.

:o)

For Amar.

On the topside there’s alot of focus on the 200 day MA around 1.5553. Sources note decent buy stops lined up just above there.

From the Lonely Trader blog that Bel1ze8SA mentions above - there seems to be a lack of clear thinking; trend is definitely up, yet ...

Ive added to my EURUSD short at 13685 at twice the size of the first. More analysis and charts to come. Im still on both sides of the market, but in terms of the existing range the short trade is better positioned. Im considering cutting part of my long trade here as well for a tiny profit, although I believe this pair could return to 14000 or higher.

Currently at 13790

No wonder he's lonely.

:o)

Will you be my friend, Hil?

We'd better gloss over that, Delboy :-)

Has anyone installed Metatrader build 224 yet - I'm waiting just to make sure there are no bugs this time!

I have, Flossiepops.

signed,

Hillynomates

What just happened to cable ?

I think the data was released a bit early, Dilbert.

lol , just had a great 10 second trade.

Cheers Hils

S&P revises UK outlook to negative from stable; cable slumps
Written by Gerry Davies
May 21, 2009 at 08:27 GMT

Oh boy, S&P have revised their outlook for the UK from stable to negative. Cable in tailspin

Bloody yanks :-)

cable got me as well, but not hit stop yet......

Maybe the rest of the worlds doesn't believe s&p ?

Treasury rhetoric, Spacie.....


The UK Treasury says S&P could revise back its negative outlook for Britain’s sovereign debt rating given the uncertainty in the econmic outlook. Cable on steadier footing in wake of comments, presently back around 1.5600.

Treasury spokesman has said “There are significant uncertainties in the global economy at the present time and S&P point out that the outlook could be revised back to stable ‘if fiscal outturns are more benign than (they) currently anticipate’.”

The spokesman adds “The Budget set out a clear plan to halve the deficit in five years. That judgement was based on a deliberately cautious view of the public finances.”

If S&P had any bottle they would also have issued the same statement about the US ... but they haven't.

Moody’s has come out and said its UK sovereign rating is stable and not under review. Moody’s feel the UK has enough balance sheet flexibility to absorb short-term shocks. UK public finances face considerable challenges, but damage can be reversed over time.

Cable sits at 1.5635. Think the market is still trying to recover from the shock of whats gone on this morning. Numb’s probably a good word.

Fitch has also come out and said it’s UK triple A rating with stable outlook remains unchanged.

Thank you Hillynomates.

Few posts for days then look what happens! I get a busy morning and miss all the fun.

Had cable long yesterday - closed early evening on hubby's suggestion as I'm working today - argued all evening (well briefly) that I closed too early - very glad I did!!

Is the dollar weakening because of risk reversion or because the US has QE'd itself into a position of extreme dilution?